Pioneer Power Solutions Inc. stock trades under the ticker PPSI & closed for trading yesterday at $6.89.
After gapping up on 10/6/20 it has shown great technical strength, and is worth taking a closer look at.
PPSI has no options, so for a hedge, I would look at something similar to what I posted about yesterday for a NASDAQ hedge.
PPSI Price: $6.89
10 Day Moving-Average:$1.88
50 Day Moving-Average: $1.62
200 Day Moving-Average: $1.63
PPSI’s 50 Day Moving-Average is about to cross the 200 Day Moving-Average, so there should be more opportunities to take advantage of from a short-term trade perspective.
I’ll be eyeing an entry point today & tomorrow to see if there is a price level I like.
*** I DO NOT OWN ANY SHARES OF PPSI STOCK ***